Fastech Investment Group, a portfolio company of NewSpring Capital, has agreed to acquire Transcend Communications, a Minneapolis-based reseller and integrator of IP telephony, network & video solutions. No financial terms were disclosed for the deal, which is expected to close by month's end.
2 min read · 01 September 2009
Anthony Bull has joined Gresham Private Equity as a London-based partner. He previously was a principal with Mitsui Private Equity.
2 min read · 01 September 2009
(Reuters) - Internet auction and services company EBay Inc has reached a deal to sell its online telephony unit Skype to a group of private investors, the New York Times said, citing two people briefed on its plans. Andreessen Horowitz, a new venture capital firm headed by the Netscape co-founder Marc Andreessen, is likely to be among the investors in the group, the paper cited the people as saying. London-based Index Ventures and Silver Lake Partners may also be involved in the deal, one of the people told the paper. The paper added that the value of the deal, which is likely to be announced later on Tuesday, had not been disclosed.
5 min read · 01 September 2009
1 min read · 01 September 2009
2 min read · 01 September 2009
Capstone Partners, a private equity placement agent, has opened an office in Shanghai. It will be led by Sheng Lu, a former partner with Heidrick & Struggles.
3 min read · 01 September 2009
J.F. Lehman & Co. has completed its acquisition of marine services business Drew Marine from Ashland Inc. (NYSE: ASH). The deal was valued at approximately $120 million. An earlier LBO Wire report said that the transaction would include more than $70 million in debt financing, with CIT and BNP Paribas arranging senior debt, and Babson Capital arranging around $20 million in mezzanine notes.
2 min read · 31 August 2009
1 min read · 31 August 2009
GenNx360 Capital Partners has acquired Clariant Corp.'s specialty silicones business, which has been renamed SiVance LLC. No financial terms were disclosed.
2 min read · 31 August 2009
1 min read · 31 August 2009
